Purple Innovation Receives Nasdaq Notice for Minimum Bid Price Noncompliance

Reuters

11/07

Purple Innovation Receives Nasdaq Notice for Minimum Bid Price Noncompliance

Purple Innovation Inc. has announced that it received a notice from the Nasdaq Stock Market indicating the company is not in compliance with Nasdaq Listing Rule 5450(a)(1). The notice was issued because the closing bid price of Purple Innovation's common stock has remained below the $1.00 minimum requirement for 30 consecutive business days. The company has 180 calendar days, until May 4, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 per share for ten consecutive business days. If it fails to do so, Purple Innovation may qualify for an additional 180-day compliance period by transferring to the Nasdaq Capital Market and meeting certain requirements. Failure to regain compliance could result in the company's stock being delisted from Nasdaq. Purple Innovation says it is actively monitoring the situation and considering options to address the deficiency.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Purple Innovation Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-107157), on November 06, 2025, and is solely responsible for the information contained therein.

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The notice was issued because the closing bid price of Purple Innovation's common stock has remained below the $1.00 minimum requirement for 30 consecutive business days. The company has 180 calendar days, until May 4, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 per share for ten consecutive business days. If it fails to do so, Purple Innovation may qualify for an additional 180-day compliance period by transferring to the Nasdaq Capital Market and meeting certain requirements. Failure to regain compliance could result in the company's stock being delisted from Nasdaq. Purple Innovation says it is actively monitoring the situation and considering options to address the deficiency.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Purple Innovation Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-107157), on November 06, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4095","symbol_name":"家庭裝飾品","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251106:nNDL2h8MHS:1","article_id":"2581048306","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581048306","pubTimestamp":1762463978,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Purple Innovation Inc. has announced that it received a notice from the Nasdaq Stock Market indicating the company is not in compliance with Nasdaq Listing Rule 5450. 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The company has 180 calendar days, until May 4, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 per share for ten consecutive business days. If it fails to do so, Purple Innovation may qualify for an additional 180-day compliance period by transferring to the Nasdaq Capital Market and meeting certain requirements. Failure to regain compliance could result in the company's stock being delisted from Nasdaq. Purple Innovation says it is actively monitoring the situation and considering options to address the deficiency.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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